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Wren Sterling boss Warren Page departs months after MBO


The chief executive of adviser business Wren Sterling has quit months after completing a management buyout.

Warren Page led the business, then known as Towergate Financial, following its March MBO, backed by Palatine Private Equity.

Ian Darby, who was previously chief executive before departing in 2011, and was reinstated as chairman after its MBO, has replaced Page.

Darby says: “Warren led Wren Sterling through the buyout from Towergate and having successfully got the MBO across the line, led the rebranding to Wren Sterling and with the new leadership team in place, decided that the time was right for him to move on to his next challenge.

“Importantly Warren leaves the business in great shape and poised for an exciting future with significant growth and potential”.


Towergate delays £85m misselling redress programme

Towergate has pushed plans to begin paying redress for poor pension transfer and Ucis advice to the final quarter of 2015. The insurance broker had previously planned to begin repayments to customers in the third quarter, but has now admitted that it will not start the process until Q4 “at the earliest”. In a bondholder […]


Towergate Financial rebrands as Wren Sterling

Towergate Financial has rebranded to Wren Sterling following a management buyout. The new name will cover Towergate’s 110-strong adviser business. Mortgage broker John Charcol is expected to retain its existing identity. Palatine Private Equity completed a £14m deal in support of last month’s management buyout, backing Towergate Financial chief executive Warren Page to lead the […]


Former Towergate chief Ian Darby returns as £8.6m deal completes

Former Towergate Financial chief executive Ian Darby is returning to the firm as executive chairman following the firm’s acquisition by Palatine Private Equity. The deal, which was announced earlier this month and completed today, sees PPE acquire broker John Charcol and TF Financial Planning from Towergate for £8.6m.  TF Financial will be rebranded in the […]

Business-Handshake-Finance-Deal Aegon buys Cofunds

Towergate Financial sold to private equity firm in £8.6m deal

Towergate has sold its financial planning arm, Towergate Financial, to Palatine Private Equity in a deal worth £8.64m. Towergate says it has decided to offload the business the – which includes advice firm TF Financial Planning and mortgage broker John Charcol – because it has a different risk profile to the company’s core insurance broking operations. […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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